How were land and building values determined?
Residential land values were established based on an analysis of vacant land sales within similar areas, called neighborhoods. Maps showing these neighborhoods are available in the County Auditors appraisal or real estate office. Values for agricultural land that is not enrolled in the Current Agricultural Use Value Program (CAUV) are established using a market rate based on sales. CAUV land values are set by the Ohio Department of Taxation each year. Building values are developed using pricing schedules reflecting current, local costs of construction and incorporating present market conditions and sales trends. I dont believe my property would sell for the amount of money the County Auditor has put on it. There are three steps you can take to discover whether or not your propertys estimated market value is reasonable: First, check the replacement cost your insurance company has on your home (without the contents). This will give you an approximate idea of your homes value. Then add th
